Real Estate Investing in Fox Island, Washington (98333)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 98333 (Fox Island, WA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 43.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fox Island, WA (98333)?
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Market Analysis: 98333 Fox Island
The 98333 ZIP covers a section of Fox Island that demands careful diligence. Prices near $1.1M look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 98333 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Fox Island have seen price recovery that 98333 has not matched. Pierce County data supports the view that the spread is structural rather than temporary.
Resident income in 98333 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 98333 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Fox Island:
Property Strategy for 98333
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $926,786 | $2,290 | 1.8% | +7.3% | $463,393 |
| 3BR | $975,348 | $3,180 | 2.3% | +7.4% | $325,116 |
| 4BR | $1,331,146 | $3,600 | 1.9% | +7.3% | $332,787 |
Market Trends
Home Value History (with trend line)
📊 How Does 98333 Compare?
| Metric | 98333 | Fox Island | Seattle-Tacoma-Bellevue, WA | Washington |
|---|---|---|---|---|
| Home Value | $1,080,351 | $1,080,351 | N/A | $591,536 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 5.9% |
| Avg Rent | $2,061 | $2,061 | N/A | - |
| Cap Rate | 1.5% | 1.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 98333 (Fox Island, WA). Anonymous, moderated, never written by AI.
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Property managers serving Pierce County
Manage rentals here? List your business →Harborside Property Management LLC offers commercial and residential property manager services in Tacoma & Gig Harbor, including single-family and multi-family homes. summary from their website
Haven Property Management is a full-service residential management company based in Federal Way, WA, covering the Greater Puget Sound area. summary from their website
HOA Community Solutions provides management services for homeowner associations. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,080,351 |
| Monthly Rent | $2,061 |
| Price-to-Rent | 43.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.3% |
| Cap Rate | 1.5% |
| 5-Year IRR | 5.2% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 98333
Population: 3,365
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Investor Insight: With 8,573 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Fox Island, WA a good market for buy-and-hold investors?
Our data puts Fox Island, WA at 2.0/5 for investability. Home prices of $1.1M and rents around $2,061/mo create a solid backdrop for investor activity.
How tight is the rental market in Fox Island, WA?
Vacancy risk in Fox Island, WA is elevated. That supports steady cash flow for typical rental holds.
How much do tenants pay in Fox Island, WA?
Rent in Fox Island, WA is around $2,061/mo. The resulting rent-to-value relationship with $1.1M pricing is reasonable for most investor models.
What does house hacking look like in Fox Island, WA?
The a tougher house-hack environment in Fox Island, WA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What strategy should investors use in Fox Island, WA?
Investors usually favor careful cash-flow rentals with hands-on management in Fox Island, WA. With home values at $1.1M and rents near $2,061/mo, other strategies can work but produce predictable rather than outsized returns.
You know 98333 now. You don’t know where it ranks.
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How 98333 ranks in Seattle-Tacoma-Bellevue, WA
Every ZIP in this metro, ranked. Free.
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